Core Insights - The strategic decision by Yokogawa Electric Corporation to invest in China has proven to be visionary, marking 60 years of operations in the Chinese market [1] Group 1: Historical Development - Yokogawa's journey in China began with the introduction of advanced automation technology, significantly enhancing production efficiency and product quality for Chinese enterprises [2] - The delivery of the first CENTUM distributed control system to a chemical plant in Jilin Province in 1979 established trust and demonstrated Yokogawa's commitment to supporting China's modernization [2] - The establishment of the first joint venture, Xiyi Yokogawa Control Systems Co., Ltd., in 1985 marked a transition from a technology exporter to a local partner [3] Group 2: Localization and Market Adaptation - Yokogawa has increased local investments, including manufacturing localization and technology transfer, to better meet the unique demands of the Chinese market [3] - The company has developed two major platform businesses, "OpreX Asset Health Insights" and "OpreX Robot Management," to provide predictive maintenance and autonomous task execution solutions [4] Group 3: Competitive Landscape - The Chinese market is characterized by rapid industrial digitalization and decarbonization, with urgent demands from clients for cost reduction, efficiency improvement, and carbon management [6] - There is a clear segmentation in market demand, with leading enterprises seeking world-class technology and smaller clients requiring cost-effective solutions [6] Group 4: Business Growth and Collaboration - The establishment of the joint venture with Chongqing Chuan Yi in 1995 exemplifies Yokogawa's transition from technology export to local co-creation, adapting technology and services to meet local needs [7] - The EJA intelligent transmitter has achieved cumulative sales of over 6 million units, demonstrating the success of Yokogawa's local operations and its contribution to the global product line [7]